COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC

EIN: 562035757 501(c)(3) Philanthropy & Grantmaking

GREENSBORO, NC

Total Revenue
$9,804
Total Expenses
$2,055,391
Total Assets
$1,265,004
Net Assets
$1,191,695
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NC
Principal Officer
H WALKER SANDERS
Phone
3363799100
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC, founded in 1997, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $10K in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 20865% operating deficit.

Mission

THE FUND SERVES AS A SUPPORTING ORGANIZATION OF COMMUNITY FOUNDATION OF GREATER GREENSBORO TO ADMINISTER CHARITABLE FUNDS RELATING TO REAL PROPERTY.

Program Service Accomplishments

Program 1
Expenses: $2,041,833

THE COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND ADMINISTERS CHARITABLE GIFTS AND FUNDS THAT INVOLVE HOLDING OR MANAGING REAL ESTATE, ON BEHALF OF THE COMMUNITY FOUNDATION OF GREATER GREENSBORO.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $12,914
Other Revenue $-3,110
TOTAL REVENUE $9,804

Expense Breakdown

Grants Paid $1,978,955
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,041,833
Other Expenses $76,436
TOTAL EXPENSES $2,055,391

Year-over-Year Comparison

2023 2022 Change
Revenue $9,804 $2,003,685 -1.0%
Expenses $2,055,391 $57,122 +35.0%
Net Income $-2,045,587 $1,946,563 -2.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
8
Employees
N/A
Volunteers
10

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$473,868
Total Directors
10
$473,868
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHESTER H BROWN JR DIRECTOR 0.25
Director
$0 $0 $0
LOWELL EASTER PRESIDENT 0.50
Officer Director
$0 $0 $0
MARC ISAACSON DIRECTOR 0.25
Director
$0 $0 $0
ALBERT S LINEBERRY JR DIRECTOR 0.25
Director
$0 $0 $0
ANN LINEWEAVER DIRECTOR 0.25
Director
$0 $0 $0
SAM SIMPSON DIRECTOR 0.25
Director
$0 $0 $0
UMA AVVA EX-OFFICIO DIRECTOR 1.00
Officer Director
$0 $0 $0
DAGNEY PROCTER DIRECTOR 0.25
Director
$0 $0 $0
H WALKER SANDERS VP & SECRETARY 2.00
Officer Director
$0 $29,355 $302,623
MARCI PEACE TREASURER 2.00
Officer Director
$0 $18,132 $171,245
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $9,804 $2,055,391 $1,265,004 $-2,045,587
2022 $2,003,685 $57,122 $3,303,046 $1,946,563
2021 $832 $56,369 $1,349,983 $-55,537
2020 $1,425 $56,242 $1,400,020 $-54,817
2019 $935,158 $1,581,603 $1,448,837 $-646,445
2018 $47,789 $113,913 $2,089,282 $-66,124
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